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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Press Holdings Limited    SPRM   SG1P66918738

SINGAPORE PRESS HOLDINGS LIMITED

(SPRM)
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Singapore Press : ZBJ-SPH Pte Ltd announces localised services marketplace ZomWork.com

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07/30/2017 | 09:54pm EDT

- Companies in Singapore can now compare portfolios and prices of local agencies and freelancers in the fields of design, IT, marketing, printing and others at the one-stop services marketplace ZomWork.com.

SINGAPORE, 28 July 2017 - Singapore Press Holdings Limited (SPH) and Chongqing Zhu Ba Jie Network Inc (ZBJ Network Inc) announced that they had incorporated ZBJ-SPH Pte Ltd, a 40:60 joint venture that aims to help companies in Singapore grow their businesses by engaging service providers at the new website ZomWork.com.

ZomWork.com aims to meet all of a company's freelancing and outsourcing needs. It is the only website that focuses on enabling companies in Singapore to compare portfolios and prices of local agencies and freelancers at a click of a button.

To provide extra peace of mind, ZomWork.com matches companies with verified service providers who guarantee their service with a security deposit. The website also keeps payments in escrow until satisfactory completion of the job.

Jason Teo, General Manager of ZBJ-SPH Pte Ltd, said: 'We've seen a lot of demand and support for ZomWork.com even before launch, especially from companies needing help in design, marketing, printing and IT. The Singapore market really needs a quick, efficient and transparent marketplace to meet companies' outsourcing needs.'

By teaming up with ZBJ Network Inc, China's number one services marketplace, ZomWork.com also provides companies access to ZBJ.com's own specially selected pool of Chinese service providers offering international standards of work at affordable China prices.

The ZomWork.com website is currently under development, and is slated to launch in September 2017. Interested companies and service providers can already pre-register themselves on ZomWork.com today. Service categories available include design, IT, marketing, printing, copywriting, translations, video and animation, and others.

Issued by Singapore Press Holdings Limited
Co. Regn. No: 198402868E

For more information, please contact:

Jason Teo

General Manager

ZBJ-SPH Pte Ltd

Email: jasonteo@sph.com.sg

Vanni Cheong

Assistant Manager
Corporate Communications & CSR
Singapore Press Holdings
DID: 6319 1553

Email: cvanni@sph.com.sg

About Singapore Press Holdings Ltd

Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms, ranging from print, digital, radio and out-of-home media.

SPH owns award-winning newspapers, magazines and best-selling books in both print and digital editions, as well as online classified businesses in the region. In addition, SPH has two English radio stations and one Chinese radio station, an out-of-home digital advertising unit, a regional events and conferences arm, and runs a chain of modern retail convenience stores. SPH also has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today.

SPH REIT comprises Paragon, a premier upscale retail mall and medical suite/office property in Orchard Road and The Clementi Mall, a mid-market suburban mall. SPH's latest retail development is The Seletar Mall located in Sengkang.

SPH is in the healthcare sector, operating private nursing homes under Orange Valley.

For more information, please visit www.sph.com.sg

About ZBJ Network Inc

ZBJ Network operates zbj.com - an online marketplace providing creative services such as logo design, translation, website design and development for businesses. It has over six million registered users and 13 million service providers, with a market share of over 80 per cent and transacted value of 7.5 billion yuan.

SPH - Singapore Press Holdings Ltd. published this content on 28 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 July 2017 01:54:02 UTC.

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Financials (SGD)
Sales 2019 991 M
EBIT 2019 280 M
Net income 2019 212 M
Debt 2019 1 614 M
Yield 2019 5,04%
P/E ratio 2019 17,58
P/E ratio 2020 17,99
EV / Sales 2019 5,39x
EV / Sales 2020 5,41x
Capitalization 3 730 M
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Mean consensus HOLD
Number of Analysts 5
Average target price 2,61  SGD
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Yat Chung Ng Chief Executive Officer & Executive Director
Boon Yang Lee Non-Executive Chairman
Hwee Song Chua Chief Financial Officer
Glen Gary Francis Chief Technology Officer
Siak Ching Chong Independent Non-Executive Director
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